Thursday, March 17, 2016

Pre Mkt Notes Today Before The Bell

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1) $VTAE     Top line Phase 2 Wells Farho tags a $27-$32PT (4.11)
    Stock gapping +$2.60 would take a few here at $6.80 with room to $5.80 to look to add if it gaps fills some at the open. I think once this bottoms out look for a re-trace back to $10 Personally think it pops at open from here
    2) *$ODP    NY Post discusses that $AMZN may purchase Company (5.26)
    Stock gapping up +.45 would consider taking a few here  add on any pullback towards $5.30 or lower think this has a run to $6+ today

    3) $GES    Earnings Miss (21.32)
    Stock gapping down -$3 2 ways this pulls at open to $16-$16.50 play the slow bounce to $18+ if this pops at open on s/s covering to $19.50-20.50 scale in SHORT all day fader!

    4) $SRPT   Director BUYS 2million worth of stock btwn $14.54-$16.54 (14.55)
    Stock gapping up +$1 should pop at open to $16.50-$17+ then watch for topping gap fill it back to $14.75-$15 or under would consider taking a few look for a potential all day slow move to the upside

    5) $JBL    Earnings Miss (21.96)
    Stock gapping down -$1 would consider scaling in SHORT here at $20.89 room to $21.50 look for topping think this is an all day fader back to $19-$20 or lower, stock should get hurt today on there miss

    6) $VRX  Battleground stock under $40 today (33.54) 1 more play in this today
    Stock gapping none, think this falls today back towards $30 if this pulls at all like yesterday to $31 or under watch for this to pop on that. This will have to be play by play but overall I think this fades the initial pop at open if any


    7) $FDX   Huge earnings BEAT (144.27) someone new yesterday before the close
    Stock gapping up +$8 I like to see quick pop at open if it comes to $154-$155 watch for topping the gap fill it back to $147 or under watch the curl scale in LONG for all day slow move back to highs, wait for this to pullback then get it

    8) $MNK  Announce 350mil Buyback (55.69)
    Stock gapping up +$2 I like to see quick pop at open towards $50+ topping then short it back down to $53-$54 then scale in a few LONG if this pulls at open to same area or lower watch the curl then scale in LONG

    9) $WSM   Earnings Miss (59.46)
    Stock gapping down -$3  like to see a quick short covering at open to $57.50-$58.50 then scale in SHORT all day fader back to lows, if this pulls at open to $52 area watch the curl take a few long play the 1-3pt bounce
    10) $CMG   Piper tags a SELL RATING and a $350PT from $390 (500.35)
    Stock gapping down would consider ANY pop at open to $500 as a short opportunity, I think with market down we keep an eye on this and we get finally the fade on this to $475 or under, if this pulls hard at open play the bounce then re-short it


Wednesday, December 23, 2015

BmanAlerts Platform View

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Thursday, December 10, 2015

Hedge Fund Filings

Follow BmanAlerts on twitter for the latest Hedge Fund filings. Buffett Icahn Tepper  When these guys buy or sell my stream will report them fast within seconds.

Sunday, October 25, 2015

Social media has created delusions of grandeur that you can learn to trade and make money overnight.

Trading is one the hardest professions that churns and burns almost all new comers. My best advice is to first set up a quality platform that gives you the best chance to find quality ideas. Then learn how to use the tools to navigate and manage your trading account.

Sunday, September 27, 2015

Trade lesson #1

Not what you make it's what you don't lose that determines whether you make it as a new trader. Winners know how to cut losers.

Sunday, April 6, 2014

The stress of being a to cope.

Coping With Trading Stress

Trading is a marathon not a sprint. Often time’s new traders allow one bad day to alter not only their trading styles, but their emotions as well. In order to be a successful trader you have to learn to put tough trading days in their place. Do you think every game Michael Jordan lost; he then went home and changed his entire style of play. When Tiger Woods has an off day, do you think he immediately calls his swing coach to develop a new swing strategy?

Set Daily Limits

Have a maximum amount of money you are willing to risk per day as a part of your day trading activities. Base this number on your comfort level. If in the unfortunate event this number is hit, immediately stop trading. You can always get it back on another day. For example, let’s say you are comfortable risking $500 per day. But, then you break this rule and end up losing $1,500. How do you think this will make you feel? Set a number you can live with and forget about everything else.

Saturday, January 18, 2014

Why 90-95% of traders lose !!!!!!

    They risk too much to try to make so little.

    They trade with the probabilities against them.

    They think trading is easy money.

    Instead of focusing on learning how to trade they focus on getting rich.

    They blow up due to improper position sizing.

    With no understanding of the mathematical risk of ruin they are doomed after the first long
    string  of losing trades.

    They don’t do their homework.

    They trade opinions not robust systems.

    They go looking for ‘trades’ instead of a methodology.
    They have no trading plan.

    They attempt to piggy back on the trades another trader but don’t understand the risks.

    Most new traders quit when they realized how much work is involved in trading successfully.

    Most traders quit when they learn how many losing trades they will have to have to get to get to the winners.        

    New traders quit if they do not have a passion for trading itself.

    Many new traders will give up the moment they realize that trading does
    not have guaranteed income, you are an entrepreneur.

    They are not willing to pay the tuition to learn to trade in time, study, and losing trades.

    They are crushed by the learning curve that they do not work hard enough to get through.

    We lose a lot of new traders when they realize that trading is actually harder than their job.

    The traders that don’t make it quit when they were tired, frustrated, and stressed out,
    the winning traders quit after they had figured trading out.

Tuesday, October 9, 2012

So you want to be a day trader

Great site with many good articles for people interested in day trading. Most new traders have limited success so try to learn the basics before you risk your capital.